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The paperwork has yet to be signed but improved terms are sorted with the duo, who are set to extend their deals to 2018 to align with Ranieri. They currently have one year left.

The price of prising them out of Leicester for would-be suitors has also been raised. Arsenal looked at a move for Walsh, while Nigel Pearson would have wanted both at his next job, which could be Aston Villa.

Walsh said: 'We've not signed but it's all agreed.'

Vice-chairman Aiyawatt Srivaddhanaprabha, known as Top, said only 'small things' have delayed putting pen to paper 'but both have agreed'. He added: 'They did a brilliant job here and we are happy to do that.'

Vice-chairman Aiyawatt Srivaddhanaprabha said the pair have done a 'brilliant job' at Leicester

The Foxes will have to fend off considerable interest for PFA Player of the Year Riyad Mahrez this summer

WHO IS... STEVE WALSH?

Leicester's head of recruitment and one of Claudio Ranieri's team of assistant managers, Steve Walsh is in his second stint at the King Power Stadium.

Walsh, who played non-League football, worked as a scout for Bury, Chelsea and Newcastle, where he struck up a relationship with former Foxes boss Nigel Pearson.

He held a position as European scout at Stamford Bridge under Jose Mourinho before switching to St James' Park to team up with Sam Allardyce.

From there, Walsh moved to Leicester in 2008, and he helped lead the Foxes out of League One before moving with Pearson to Hull.

He then returned and has been a secret weapon in his team's title triumph, hooking in players like Jamie Vardy, N'Golo Kante and Riyad Mahrez from obscurity.

Walsh has already turned attentions to next season, with squad strengthening required for the coming Champions League campaign. But targeting stellar signings is not on the agenda, with the same scouting methods for unearthing hidden diamonds continuing instead.

Leicester's current first-team side cost just £23million and while money will prove no object Walsh, who has been responsible for bringing Riyad Mahrez, Jamie Vardy and N'Golo Kante to the club, is conscious of finding the right profile of players to join a spirited squad.

'The players have said to me, 'We don't want any Bertie Big…,' he said. 'I think you've got to bring in the people who you think will do the job, people who fit in.

'Claudio enjoys the blueprint and the way we play, we try and duplicate that, so hence you look for similar type of players who can fulfil the roles in the team that you need.

'It's not just upon me, because I've got people working for me, bringing information, and we've got to act on it.

'Obviously then decisions have got to be made with the manager, who can decide.'

Leading goalscorer Jamie Vardy is another of the Leicester squad likely to be in-demand over coming months

N'Golo Kante had a phenomenal season and several clubs are already looking at him as a potential signing

WHO IS... CRAIG SHAKESPEARE?

Leicester assistant manager Craig Shakespeare is in his second spell with the Foxes after re-joining the club in November 2011.

Shakespeare began his playing career with Walsall in 1981, making over 350 appearances for the Saddlers before moving to Sheffield Wednesday and then West Brom.

Stints at Grimsby, Scunthorpe, Telford and Hednesford followed before he retired and joined the academy coaching structure at The Hawthorns.

Shakespeare was reserve team boss for the Baggies - and briefly caretaker manager of the senior team - before moving to the East Midlands as part of Nigel Pearson's Foxes coaching structure.

Having left with Pearson for Hull in 2010, he returned in 2011 and has overseen a charge from Championship also-rans to Premier League champions.

Only 19 Leicester players automatically received a Premier League winners' medal on Saturday by playing in five or more games in the campaign but the club are aware extra personnel and quality is needed with European action ahead.

'But with that comes expectations of massive wages and big transfer fees, and that's certainly not the way we're intending to go,' said Walsh, laughing.

'That might change, who knows!

'The problem is you're playing two games a week now.

'We were fortunate this season that we went out of the cups pretty early, so we only had the league to concentrate on. Clearly we'll need some extra players.

'There are very few in the squad out of contract, so the ones who did it this season will be given the opportunity to see if they can duplicate that form again.'

Leicester are expected to reprise a £20m approach for CSKA Moscow's quick forward Ahmed Musa after failing with a bid in January.

Walsh, pictured with Claudio Ranieri and Andy King, accepted that squad numbers will have to go up

Retaining their best players might also be a challenge, with Mahrez and Kante subject to serious interest. Danny Simpson and Christian Fuchs believe Champions League football and the prospect of achieving more with Leicester can convince all to stay.

'Whatever the lads decide to do is up to them,' said Simpson. 'We just hope we can keep this group together because for me it has so much potential to do even more things than what we have.'

Fuchs added: 'We're playing Champions League football next season, isn't that a good enough reason to stay at this club? I think all the lads know what this team is all about. So why not stay? I believe that.'

Vardy lifts the Premier League trophy above his head after Leicester's 3-1 victory over Everton on Saturday